San Jose hotel project site escapes foreclosure with real estate deal

San Jose hotel project site escapes foreclosure with real estate deal

a year ago
Anonymous $pUsIN4hzN9

https://www.siliconvalley.com/2023/07/14/san-jose-hotel-real-estate-buy-sell-foreclose-build-economy-covid/

SAN JOSE — A San Jose hotel development site has been rescued from foreclosure — at least for now — with a purchase of the real estate where the lodging complex would have been built.

A 175-room, 11-story hotel tower had been proposed for the site, which is near San Jose’s mega malls. At present, a gasoline station is located on the property.